Bitcoin dropped about 10% this week, and our Monday weekly outlook mapped the move.
Bias: bearish under 76,400, still valid.
Magnet 72,500 to 72,000: hit and broken.
Low so far: 67,560.
Next zone on the map: the 0.702 Fib at 65,600 to 64,700, not reached yet. Price is oversold with a bullish divergence, so watch the reaction there.
Before vs after in 30 seconds.
Educational only, NFA.
#btc #bitcoin
Bias: bearish under 76,400, still valid.
Magnet 72,500 to 72,000: hit and broken.
Low so far: 67,560.
Next zone on the map: the 0.702 Fib at 65,600 to 64,700, not reached yet. Price is oversold with a bullish divergence, so watch the reaction there.
Before vs after in 30 seconds.
Educational only, NFA.
#btc #bitcoin